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NETSOL - H1/H4 Analysis - 31-07-2023

  • Sarfaraz Ahmad

Primary Structure: Bullish Impulsive

Primary Trend:  Bullish

Current Wave structure: Fifth wave in play.

Expectations: Wave 4 is unfolded as a beautiful triangle which was expected. We have made a new high which indicates further rise and may approach the box where a bunch of evidence meets to resist the price.

Recommendation: 4: Move the stops to 93 and keep the target at 100.

3: Hold the longs with stops at 83.

2: take the profit ( PKR 12 so far) OR wait for the pullback to ride again.

1: Long positions may be considered around 74-73 with stops below 70. Keep open targets for now.



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